Safeguard and preserve your wealth for your family. With our legacy insurance plans, you can ensure that your loved ones can enjoy a financially-secured future.
A lasting imprint of love and comfort, choose between a single or three years premium payment term and enjoy guaranteed protection against terminal illness and death throughout the policy term.
Reap the rewards of a well-nurtured harvest as you enjoy cashbacks monthly from the end of your premium term to age 120. You can even appoint a Secondary Life Insured to enjoy the continuity of the policy.
Secure a lifetime income for those who matter to you with only one time premium commitment. Ideal for those who want to bless their future generations with a lifetime of passive income.
With proper legacy insurance planning, you not only can safeguard and preserve your wealth, but also transfer your wealth to the next generation to ensure your loved ones are well taken care of. Legacy insurance essentially takes care of two key needs:
1. Legacy planning
- As an intelligent asset diversification strategy, you may use legacy insurance plan to protect the value of your diversified asset portfolio. It can also amplify your estate.
- Ensure a smooth and equitable financial legacy – legacy insurance plan offers liquidity into your estate when it is most needed. Not only will it ensure distribution of wealth as you wish, but also keeps your assets such as businesses or properties intact and maintain harmony within the family.
2. Income Generation
- A gift of love beyond generations – legacy insurance plan provides a lifetime income for your child and when the child passes on, your grandchildren will receive a lump sum payout.
- A passive stream of lifetime income – you may live the lifestyle you desire and have the freedom to choose when you would like to retire.
Legacy planning involves the distribution of your assets and belongings after you pass on, according to your wishes. Cash, investments, real estate, insurance cash value, and your CPF are all examples of assets. The idea of legacy planning is to pass on your wealth to future generations.
Because life is unpredictable, making plans to leave a legacy should not be put off. Before losing the capability to make a decision that best represents your intentions, you should start planning for it at the same time that you plan for your retirement.